It was seller financed, but down payment came from family member.

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Feb 6, 2016
8:58:15am

PharmD Troublemaker

I would never feel comfortable asking someone for that kind of money.

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PharmD

New username: Groin Squirrel
Bio page: PharmD
Joined: Oct 19, 2014
Last login: Aug 3, 2018
Total posts: 0 (0 FO)

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Messages

Author

Time

FB friend just posted this about a recent real estate transaction:

PharmD

2/6/16 7:03am

How do you close on a 4 plex without using your own credit?

Cougarealist

2/6/16 7:28am

Duh, by never giving up and filLing in the gaps of your weaknesses, cool

Cougarealist

2/6/16 7:30am

I have the same friend. Saw the same message. Thought the same thing.

Tim

2/6/16 7:31am

So someone paid for a 4plex and gave it to them? Did they use Jedi mind tricks?

KingDave

2/6/16 7:39am

Lease option to purchase

byukarl

2/6/16 7:44am

That's kind of funny he would brag about that.

mokelembembe

2/6/16 7:44am

Yes. Bragging About Using Somebody. Not Cool.

ovalY

2/6/16 8:04am

most likely they didn't use a family member's money - most likely it was seller financed.

HarlemCoug

2/6/16 8:52am

It was seller financed, but down payment came from family member.

PharmD

2/6/16 8:58am

Are you sure the family member money was a gift and not an investment? Nothing in his posts leads me to believe it's

HarlemCoug

2/6/16 10:36am

Seems like an odd thing to boast about.

Slim

2/6/16 7:49am

Gofundme?

IndependentGeorge

2/6/16 8:01am

Never thought I'd see a humble scam artist brag, but there ya go.

Wedgetail

2/6/16 8:23am

That's the world we live in.

AF Cougar

2/6/16 8:44am

I don't understand why you guys think this is a scam. It might be, but it seems pretty common to me. I'll explain:

HarlemCoug

2/6/16 9:03am

a little harder with that scenario if the listing is 150k

byukarl

2/6/16 9:51am

I didn't say it was a scam, but his FB post makes it sound like one.

Wedgetail

2/6/16 10:34am

Is this 2007?

ag4cougs

2/6/16 10:54am

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